Supermarket fridges and freezers in several European countries have malfunctioned after a reported cyber-attack, with their thermostats remotely cranked up. It is unclear who is behind the latest apparent attack but the EU has condemned what it said was ‘a deliberate attempt to disrupt our food supply’. It comes as the UK’s cybersecurity body warns AI-powered malicious software is ‘highly likely’…
Firm reveals details about how its cryptocurrency exchange was compromised, saying operation began in June The hackers behind the $6.3bn (£4.7bn) Binance heist used bogus job interviews, malicious software and an internal AI tool, the company has revealed. The world’s largest cryptocurrency exchange was compromised in an operation that began with an inadvertent download of malware in June, led to…
After a profits dip, the chain’s demerger from its sister food company still makes sense but is unlikely to reveal tons of value Primark brings forward home deliveries plan by two years as profits slide The business logic for demerging Primark from Associated British Foods’ greater Ovaltine-to-Twinings empire – an event due to happen by the end of next year – is impeccable. Read this year’s…
Government should invest, not subsidise | Size matters | ‘Ferritin face’ | Train announcements | Reform UK’s newspaper Rather than give Rolls-Royce a £1.25bn subsidy to develop the next-generation narrow-body jet airliner programme (Nils Pratley on finance, 29 October), would it not be more advantageous to the Treasury, and thus the taxpayer, me included, to invest £1.25bn in shares in the…
Budget retailer and 12,000 jobs at risk after US owner fails to accept buyout offers MPs have called on the government to protect Poundland and other high street stores from “predatory capitalism” and asset-stripping. The fate of the retail chain and its 12,000 staff remains uncertain after it filed a notice of intention to appoint administrators at the high court last Thursday. The US…
Homeowners can get tax relief of £3,500 on the money spent on the interstate of a mortgage.
Retailer acquires robot-assisted warehouse and intends to have UK service up and running before end of 2027 Primark is to begin making home deliveries by the end of next year as it aims to win new shoppers after a slide in profits. George Weston, the boss of the cut-price fashion chain’s owner Associated British Foods (ABF), said it had brought forward the launch of Primark’s home delivery plans…
The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
Ministers propose new guided retirement scheme to help give savers protection for life Business live – latest updates Millions of private sector workers will be offered a guaranteed pension income for life under new rules designed to help them get the most out of their retirement savings. Over the past 30 years, the majority of final salary pension schemes offering a set payout for life have…
David Potts takes charge of Asda, which is based in Leeds, with immediate effect.
Rio Tinto is jointly funding a A$28m "toad containment zoe" to protect the Pilbara region.
Some employers create job ads with no intent to hire
Annual reports show NSW renewable company’s CEO opted out of cash bonus, while CSIRO’s chief received an extra $200,000 Get our breaking news email, free app or daily news podcast Executives at the troubled Snowy Hydro company collectively banked bonuses worth a combined $751,925 in the last financial year, despite its renewable energy project blowing out to 12 times its original cost. But…
Bank to make ‘early settlement’ offers before outcome of legal battle, with those who accept likely to get money before Christmas Business live – latest updates Barclays will this month start offering compensation to tens of thousands of people who claim they were mis-sold car loans, with some of those who accept likely to see the money land in their account before Christmas. Amid an ongoing…
Millions could be entitled to compensation as a result of commission arrangements between lenders and dealers.
Drax’s FTSE 250 owner strikes £20bn deal to build infrastructure in what it says is site’s ‘next chapter’ Business live – latest updates Britain’s most polluting power plant could soon power the country’s largest datacentre under a £20bn deal to build AI infrastructure on the site of the Drax power plant in North Yorkshire. The power plant’s FTSE 250 owner has struck a deal with the…
The one-year free bus service pilot was initially put forward as an amendment to next year's budget.
The regulator says it supports lenders offering early compensation offers, as long as they are fair.
David Potts to take over immediately, as executive chair Allan Leighton steps back to non-executive strategic role Business live – latest updates Asda has appointed the 69-year-old former boss of Morrisons, David Potts, as chief executive with immediate effect as it continues to struggle to lift sales. The UK’s third largest supermarket said that 73-year-old executive chair Allan Leighton, who…
Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer service Business live – latest updates Virgin Media O2 is to cut thousands of jobs in an £800m cost-cutting drive as the telecommunications company aims to tackle its £22bn debt pile. VMO2, which is jointly owned by Liberty Global and Telefónica, said £300m of the savings target…